The IMF have upgraded Spain’s 2014 growth forecast to 1.2%. Simon Nixon from the WSJ quipped on twitter that this time last year that was their forecast level for 2018. @HigherWayne also joined in the tweeting with a story that … Continue reading
The IMF has approved a €84m disbursement for Cyprus. Anyone miss the crisis? The jibber-jabbering from the politicians was painful but the moves in the market were great.
Some negative comments from the IMF on Italy: Italian economy ‘struggling to emerge’ from recession ‘Stiff headwinds’ to investment in Italy Sees ‘tight credit conditions’ in Italy Recovery ‘remains fragile’ Unemployment ‘unacceptably high’ The IMF and others have been fretting … Continue reading
IMF doesn’t see downward spiral in US economy Inflation over Fed target temporarily would be ok US is still a locomotive of global economy Emerging markets to slow down as China is doing IMF sees subdued inflation around world economy … Continue reading
Says risks to economy include housing and investment US growth in coming quarters may be 3.0% or higher US needs credible medium-term fiscal plan Christine Lagarde speaks to the press after the US economic report. She’ll also be joining the … Continue reading
The IMF has released a New Zealand summary (link is here and more here). Key points: The economic expansion is becoming increasingly embedded and broad-based Driven by supportive financial conditions, historically high commodity prices, resurgent construction activity related to the … Continue reading